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Anorak | Even after all the tax dodges Starbucks still doesn’t owe any tax!

Even after all the tax dodges Starbucks still doesn’t owe any tax!

by | 11th, December 2012

THIS is just great I think. FT’s Alphaville has gone through the accounts for Starbucks after this stuff we’ve had about how the dodge taxes. It’s here .

And the final conclusion? Even if we cancel all of the tax dodges they still don’t owe tax in the UK. Because they’re not making a profit in the UK.

No, really.

What the FT has done is look at those royalty payments which were being sent off to low tax Holland. And it’s added those back in. Then it’s added back in the premium on the money paid to

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Posted: 11th, December 2012 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink